City Private Financial News

30.05 / 14:11

Jamie Dimon: 'There could be hell to pay' in private credit as retail investors join in

Speaking during an industry conference on Wednesday (29 May), Dimon said there were a lot of «brilliant» people in the industry, but cautioned that not all players in the sector are «good», with problems frequently stemming from the «not good» ones that make mistakes. «There may be problems here. I do not think it is systemic, but I do expect there to be problems,» he added. Private capital fund managers have in recent years started to pivot their fundraising efforts toward the non-institutional space, with the likes of KKR, Apollo and Blackstone setting ambitious capital raising tar...

06.01 / 06:39

markets Manufacturing Assurant economy Sustainability Updates The government can’t do the heavy lifting forever: The Union budget needs to get private capex moving again

The economy appears to be on a stable footing ahead of the Union budget. Growth clocked 6.5% in 2024-25, public capital expenditure crossed ₹11 trillion, its highest share of GDP in 15 years, and inflation has largely stayed within the Reserve Bank of India’s (RBI) tolerance band.Yet, a troubling imbalance lies beneath the macro aggregates. Private capital has not responded with the breadth or momentum one would expect at India’s current stage of development.

23.07 / 04:07

markets Provident economy WhatsApp country reports Budget 2024 PDF download: Here's how to get the document

Union Budget 2024, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 report, along with the statistical appendix, in the Lok Sabha. The Economic Survey is an annual document presented before the Union Budget to assess the state of the economy and provide an overview of its short-to-medium-term prospects.

30.05 / 10:09

markets UPS Provident Fighting wellness show Climate imperative: Transparency could rescue America’s carbon market

The problem of climate change cannot be solved without capitalism. Governments have tried for more than three decades with little to show for it. And while more of them are now engaging partners in the private sector, the world is still lagging in deploying the full power of the market.

28.05 / 09:31

markets Booking Action economy country consequences rights Commanding heights of climate action: Only the public sector can save the world

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

12.03 / 11:39

markets Provident Maxim CEO Strategy Align Research Nomura private and public credit offerings brought together under new brand

The private and public credit offerings of global financial services firm Nomura will operate under a new single brand in the US and wider Americas region.

26.02 / 13:41

markets FIVE Experts Relationships U.S. Bank consolidates teams into new private capital division

U.S. Bank is consolidating several parts of its business that focus on private capital markets into a new division.

13.11 / 12:23

Abrdn Unit trusts/OEICs Quilter consolidation abrdn closes Listed Private Capital fund as part of consolidation push

Since inception in 2018, the fund returned 67.7%, according to data from Morningstar Direct.

07.09 / 10:23

People moves Alternatives PGIM PGIM appoints real estate boss to lead newly-formed private alternatives business

Eric Adler (pictured) is currently the president and CEO of PGIM Real Estate

17.07 / 15:51

COST UPS Lowe's Action Mobile Private capital a challenge for MDBs: NK Singh

GANDHINAGAR : Harnessing private capital is a key challenge for multilateral development banks (MDBs) as the risk-return ratio is not feasible, says NK Singh, who along with former US treasury secretary Lawrence Summers is the co-convenor of a G20 expert group on strengthening MDBs. The first part of the report on developing MDBs by the expert committee will be made public today. India is trying to leverage the G20, of which it holds the rotating presidency this year, to make MDBs more effective for loans to developing countries.

10.07 / 13:03

COST UPS Reuters Cronos Altria reports Deal Backed 4 big deal reports: Altria-backed Cronos turning heads

Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: Cronos attracts interest; Brookfield buys American Equity Investment Life, Thermo Fisher merges with CorEvitas, and Monster Beverage buys Bang Energy.

03.07 / 17:39

Provident Booking Enterprise QIC in $1.6bn green loan for smart metering acquisition, capex

All the pieces have fallen into place at Vector Metering, the smart metering play now half-owned by Queensland Investment Corporation.

30.06 / 13:05

UPS FIVE CEO Fallout Southern Shell co-CEO private credit Private credit refinancing shows concerns about sector overblown: Ninepoint co-CEO

Private credit funds have been under scrutiny in recent months as rising interest rates prompted some observers to worry that the handsome returns generated by lending to companies that can’t get traditional bank financing might not stand the test of time.

01.11 / 14:29

Target JPMorgan JPMorgan creates venture capital team to target life science growth

JPMorgan has launched a healthcare venture capital practice, entering the market at a time when innovation in the life sciences remains high but investment has pulled back from last year’s record pace.

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